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Willie pregunto:
This is your employment contract <a href=" http://funnygirlsonline.co.uk/discount-day-and-night-pharmacy-carlingford.pdf#pod ">online pharmacy bluelight</a> PT owns 25.3% of Brazilian integrated telecom operator Oi; a business that PT proportionately consolidates, while Fitch treats the business as an associate and includes the dividend stemming from PT´s 15.5% direct interest in its leverage calculation. Oi has cut its BRL2.0bn commitment to BRL500m having breached its self-imposed 3.0x leverage target; Both Oi and Unitel receipts are important in the leverage denominator. The latter are exposed to central bank capital controls and the timing of payments increasingly difficult to judge (inclusion of these values in the leverage denominator has a disproportionate effect on the metric notwithstanding the cash flow benefits of PT´s own dividend cut). |
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